The Calgary real estate market is becoming progressively more difficult to navigate with prices rising year over year. When looking for a new home, affordability and practicality are considerations at the forefront of everyone’s mind. Duplexes are becoming a more common housing option all over Calgary based on their convenience and affordability. Duplexes are a great home option for people at many different points in life. From first-time home buyers to empty nesters and everywhere in between; there is no shortage of reasons why a duplex may be the ideal fit for your lifestyle.
The kids have moved out and it’s just the two of you. Now what? For empty nesters, this is an exciting time where they are beginning a new chapter in life. Downsizing has become a common action among empty nesters as they no longer need the space of a large home and they may be looking to save some money as they head towards retirement. If you’re an empty nester considering downsizing your home into something more practical, a duplex is the ideal solution.
You can still have it all
Just because you’re downsizing to a smaller, less expensive home it doesn’t mean you have to make sacrifices! If you’re moving from a full-sized home to a smaller duplex, it is still possible to have everything you want, stay close to what you know and even save money at the same time.
In many cases, empty nesters have the desire to remain in either the same community, or a similar community, close to the amenities they have grown to appreciate and with the features and charm that lead them to fall in love with their community in the first place. Duplexes are an affordable way to achieve this. Most communities have duplexes in them and often, duplexes are designed to be just as beautiful as full-sized homes in those communities! You get the perfect amount of space to suit your new lifestyle as an empty nester, but you also have the ability to stay close to friends, neighbours who you may have known for decades, and it’s an easier transition into your new home.
An added benefit to this transition in life is that you are likely going to come out of your move with additional money in your pocket from selling your previous home. Your new duplex likely came at a lower cost than what you sold your home for! This means you have additional funds to apply however you desire. Go for a trip, design and decorate your new home, there’s no limit to what you can do now!
Downsizing doesn’t mean you have to give up what you love! Buying a duplex allows you to spend less money on a home and save more for your future plans while remaining in a beautiful community that has everything you’re looking for.
Still Space for Visitors
Just because your kids have moved out, it doesn’t mean they won’t come by to visit, or even spend a night or two. Duplexes provide the perfect amount of flexibility for owners to have visitors when it is necessary, but not so much space that the home feels empty when visitors aren’t there.
Duplexes are a housing option that are often 2 bedroom, 2.5 bathroom options available. Also, in a duplex, you still get a yard and sometimes even an included patio where you can sit outside in the summer with friends and enjoy the season.
For empty nesters, especially empty nesters who enjoy having visitors, duplexes are an ideal option! Whether it is kids, friends, or even grandchildren spending the weekend, duplexes always offer enough room and flexible space to host and entertain.
Make money while you travel
Travelling is a common trend among empty nesters. As an empty nester, this is your opportunity to explore the world and try new things! Through new trends in renting and temporary housing, Duplex ownership offers the flexibility to make this possible.
Based on the size, price, privacy and practicality of duplexes, they have quickly become very appealing homes for renters. If you have aspirations of long-term travel or multiple trips, renting your duplex in your absence is a smart choice that has become very problem-free and easy to do. Through new businesses such as Airbnb and VRBO, renting out your space when it is empty has been made easier than ever. This way, not only is it more secure in your absence, but you can also make money renting the home so that you’re not paying a mortgage there while you travel the world.
Owning, and subsequently renting your duplex when it is not in use is a great way to capitalize on your property’s value and decrease the costs associated with mortgage payments on your empty house.
Once the kids have moved out, it’s time to start thinking more about you. Downsizing to a duplex gives empty nesters the opportunity to do whatever they want with their time and money as they move on to the later stages of life. Keep close with your friends and neighbours, save money, and explore the world while still having the available extra room to entertain visitors and live comfortably in the space you have.
With 88 duplex lots released in Phase 54 in Redstone and a chance to save up to $15,000 on your new home, there has never been a better time to consider purchasing a duplex! This offer only lasts until the first 20 duplexes are sold, so hurry into your favorite builder’s show homes and explore your options today!